Ok Tedi Mining Posts Strong Financial Results, Pays Interim Dividend, and Forecasts Final Dividend

Ok Tedi Mining Limited (OTML) announced today that it has paid a K100 million interim dividend to shareholders and forecasts a final dividend payment in December 2023. The company also reported strong financial results for the period, with improved production levels and operational efficiency.

Key Points Pays Interim Dividend:

  • OTML has paid a K100 million interim dividend to shareholders and forecasts a final dividend payment in December 2023.
  • The company has reported strong financial results for the period, with improved production levels and operational efficiency.
  • OTML’s strong performance is attributed to changes in leadership, a comprehensive business restructure, and cost-effective management measures.
  • The company is also committed to responsible environmental management and community support.
  • OTML is a major contributor to the PNG economy.

OTML Board Chairman Jeffrey Innes and CEO Kedi Ilimbit attributed the company’s strong performance to a number of factors, including changes in leadership, a comprehensive business restructure, and cost-effective management measures. They also highlighted the significant contributions of the OTML workforce and the support of shareholders and the PNG government.

In addition to its strong financial performance, OTML is also committed to responsible environmental management and community support. The company has made significant investments in environmental protection and community development initiatives.

OTML is a major contributor to the PNG economy, generating billions of kina in dividends, taxes, royalties, and other payments. The company’s continued success is essential to the country’s prosperity.




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